Yep - thats right. In the end, Ramelius decided to put their effort into Wattle Dam - which was excellent for a while. When they abandoned Wattle Dam they gave up on the Spargoville tenements and divested them to Tychean.
Eagle's Nest had been considered similar to the Wattle Dam deposit, but RMS didn't proceed to full exploration. Tychean put most of their effort into areas further North - especially the Golden Orb/Redback prospect. They seemed to be close to defining a maiden resource at Redback early last year, and they were showing no interest in Eagle's Nest, so I was surprised when MXR when to EN instead of Redback.
It's always possible that RMS were correct to begin with, and Eagle's Nest will be a new Wattle Dam. Of course its also possible that TYK were correct and Redback is the new Wattle Dam, if only someone could complete the drilling program there.
And it's also possible that both have the goods - or that neither of them do. Lol
If MXR persists, I guess we will find out about Eagle's Nest...
Cheers
Dave![]()
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